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>>> that's it for us. >>> that's it for us. thanks for watching. "early start" begins now. >>> without warning, a surprise tornado strikes in the middle of a series of severe storms throughout the southeast. >>> plus, secret sabotage. police want to know who's behind the pipe bombs found attached to the gas tank of a large truck. >>> mum's the word on the air force's secret space plan set to blast off today. secret but we have some details. >> we know all about it. >> good that's right. good morning and welcome to "early start," everyone, i'm john berman. >> and i'm zoraida sambolin. tuesday, december 11th, 5:00 a.m. in the east. we begin this morning in the south where more storms are expected today. this after residents are left cleaning up from the aftermath of yesterday's storms. the rain was so intense. take a look at what happened to the home of one man, this is birmingham, alabama as he was being interviewed by a local tv reporter. >> we had dogs. he was in the cage. oh, my god. oh, my god. oh, my god. you all okay? you all okay? you all all right? >> look at that,
. this bill allows us to have the resources we need to get more uninsured americans into the health-care system. it reduces costs and will make as a stronger nation. >> peter shumlin is joining us from vermont. thank you very much for being with us. >> thanks so much for having me. >> why did he decide to take this job? >> it is a fascinating question. they're going to start this cycle $30 million a behind were the republican governors association is. they have opportunities across the upper midwest and states like florida and on the west coast. the governor of arizona is not so convinced she% limited. she think she can run. sheikh -- she is a term limited. she thinks she can run. even some states in the south and along the atlantic coast. there are tons of opportunities for democrats. they are $30 million were the republicans governors association is. >> a lot of democratic senators are up for reelection. the pool of money will be pushed also for these governors races and more democratic than republican seat in the senate. >> there arare far more democrat of for reelection in 2014
since 2008 but going over the fiscal cliff puts us at peril in terms of lower income and higher regulatory burdens and just the uncertainty. >> brian, sometimes the media gets the blame for scare mongering and i'm going to therefore try to play the other side and the devil's advocate. is there a possibility that this fiscal cliff talk is a y2k moment? in other words, it's not going to be nearly as bad as we think? >> oh, i think that's a possibility. i think maybe there's a little bit of cynicism in the market and a lot of people in the sidelines which is one of the reasons why the vix is as low as it is. compare this to the negotiations surrounding the extension of the debt ceiling back in august of last year. nothing like the turmoil that's been there. i think a lot has already been baked into the cake. i think right nprobably to the extent there's the stage set for further negotiations for a grand bargain to set more permanent parameters on tax and spending policy. >> is there anything that's immune to the fiscal cliff talk, anything you would buy right here? >> well, i would
us and we're going to get a deal that has some integrity. and i've said before, if we get anything that makes meaningful step towards fixing our fiscal problem, you're going to see the market go up a couple thousand points. i think that is a, you know, 20% chance in 2013. i think we could really go some place, if politicians show some leadership. >> that's only 20% that they have integrity. >> yeah, yeah. that's up from earlier today. >> thank you, john, thank you guys for being with us today. make sure you join us on monday. "squawk on the street" begins right now. ♪ >>> good friday morning. welcome to "squawk on the street" on this final friday trading session of the year. i'm carl quintanilla at the new york stock exchange, along with melissa lee. >> that's a good song. >> i actually requested that a few moments ago. cramer and faber had the day off. the market has a few jitters as we enter what is going to be an interesting day. of course, the meeting at the white house, 3:00 between the president and some congressional leaders. as for europe, getting some data out of japan o
? >> all right. have we not been lulled into -- you know, anything bernanke does now doesn't shock us or surprise us. isn't this extraordinary? >> you know, a few years ago, there were all kinds of things that i would v never happened. now if people ask me if such and such is possible, i say anything is possible. >> one of the things that i did think immediately yesterday was ben bernanke may not have this job in two years, right? people talk about that. he may decide he doesn't want to do it. >> he was asked about it. >> but he may ultimately be locked in. he may be locking in his successor and his successor after that into this type of thinking and this type of program. how hard is it to get out of this later? >> it is going to be extremely hard to get out of this, regardless of who the leader is, because, again, it is now -- you know, this is no longer an extraordinary measure. you did this during the emergency and then it's time to get out. now we're -- you know, we're in a bit of a quasi equilibrium here and this is how we're running monetary policy now. so to now being doing a r
, roger altman and barry knapp. we have thorsten heins joining us, as well. >> our big story of the morning, it could be a tense days for the markets as the resolution to the physical cliff appears less likely. we can see the futures opening at least 150 off if things keep up the way they are. house speaker john boehner failing to mount enough support for his plan b that would raise taxes only on families earning more than $1 million. the president vowing he will press ahead with congress to get a deal done. >> he wasn't going to do it, anyway. what does he mean it will press ahead? >> i don't know. >> because it wasn't going to go to the senate. >> but to me, the demonstration that boehner didn't have the support -- you thought boehner never had the support for this plan? >> no. i'm saying boehner didn't have support to do it even at a million -- >> which suggests to me what kind of rationale -- >> because maybe the house wanted some actually spending cuts. after giving in on tax breaks, they didn't go -- >> we always wondered if boehner can deliver the right. i wonder if th
with some sad news today. a u.s. navy seal killed during the daring rescue of an american held captive in the heart of afghanistan. good morning i'm jon scott. jenna: i'm jenna lee. when we talk about the american captive, we have a picture of the doctor whose live was saved. he is dylan joseph, a native colorado. he was in afghanistan for humanitarian work when i was kidnapped by the taliban in a province east of kabul. national security correspondent jennifer griffin is live at pentagon with more. jen, do we have any details on the american who gave his life to save this doctor? >> reporter: they're waiting to contact the family so the military does not release the identity of the seal killed in that rescue attempt. we know he was a member of "seal team 6". not necessarily a member of the same group that carried out the usama bin laden raid. there are about 200 members of "seal team 6". this man, as you said, gave his life for his fellow american. here is a statement that was read by the spokesman for isaf today. >> it has been decided to start the operations since the assessment the
-bowles. erskin bowles will join us this morning, as well. if you have the democrats quoting him, the republicans quoting him, we'll very where he comes down and where things stand right now. >> you do simpson-bowles now instead of the bowls-simpson? >> i looked it up on going.. the more often cited is simple is son-bowles. >> the journal has an interesting piece. they don't like corker for breaking rank. they say why are republicans negotiating this themselves? they say let boehner do the negotiations. anyway, you would be hard pressed to find something who sdn have aen opinion on the fiscal cliff. this weekend, the ahead of the imf said the united states is more vulnerable to its domestic trouble more than anything else happening in the eurozone. christine lagarde says a balanced approach is needed and she says don't kick the can down the road, which is rich coming from a european. >>> european trading the lower this morning. italy's prime minister mario monti, yes, the same one that is famous from all the anti-trust things back in the -- was that the '90s? >> the '90s, yeah. >> monti announcin
be just the beginning of the day. wolf. >> alison on the scene for us, thank you. the president's taking a political risk by getting into michigan's union fight at the same time he's locked in a major battle in washington over raising ta spending cuts and more. let's bring in our chief white house correspondent jessica yell be. jessica, is it surprising the president decided to speak today on this right to work issue? >> reporter: wolf, the white house has come out very strongly against right to work laws. and the unions have been strong supporters of the president. but it is quite surprising the president was so forceful in his, expression of support today, after he had a more muted response during the election, after the scott walker recall effort. today, the president made his first comments on the michigan law, and it was indeed a forceful show of support for organized labor. here is the president. >> you know, these so called right to work laws, they don't have to do with economics. they have everything to do with politics. what they're really talking about is giving you the right t
. it is a crazy story we've been talking about for the past two weeks. john mcafee will be joining us live on camera at 8:40 a.m. eastern. we're going to get the latest chapter in this mystery that has murder, mayhem and suspension. his life is the movie of the week, if you will, and we will have it live right here at 8:40. please, do not miss that. let's get you caught up on some of the other headlines this morning. house speaker john boehner and president obama met for the second time this week. both parties are trying to avoid the fiscal cliff. the men had a frank discussion and the lines of communication remain open, although no specific details were released. the meeting came after frustration in washington. this was house speaker boehner earlier in the day. >> republicans want to solve this problem by getting the spending line down. the president wants to pretend the spending isn't a problem. that's why we don't have an agreement. >>> president obama remains hopeful that a deal will get done. he he told a cbs affiliate that he's willing to do a lot more in cuts and spending, i seas,
into the cooler, got all of the employees in the cooler, and it came right over us. >> it blew the roofs off of homes, and on this christmas day, not even a house of worship was safe. the front wall was torn off. >> look at that tornado. >> across much of the south, many spent christmas in the dark as twisters came through. >>> tornado winds in mississippi damaged homes, and two men were killed from falling trees. >> it's a mess. >> as a funnel cloud came from mobile joe michael love shot this video from his home. >> what was that? >> that's transformers. >> i'm at my son's high school it's pretty destroyed. all of the portable classrooms are gone. >> reporter: and no serious injuries reported here but it is daylight and crews are now back out assessing the situation. >> thank you, the rough weather is affecting travel across the country. more than 500 flights were cancels onled on christmas day. tiffany wilson is in oxford ohio. the snow started falling around 5:00 this morning, you see the blows have just gone through, we have a couple inches of snow blizzard like condit
guest host, contributor dan greenhouse, a chief global strategist with btig. he's going to be with us throughout the program. and merry christmas. and -- >> same you to, as well, sir. and other holiday greetings. >> we don't pay you a lot for cnbc contributor, do we -- did we order you to be here? >> i'm contracturally obligated to not specify anything. >> not specify anything? here at 5:30 and all the way to 9:00. >> i knew that there would be trouble this morning. i got myself seated -- >> good. we'll squeeze you for everything you're worth. we needed a big name. >> big name. we got one. >> it day after -- for december 26. >> you're too kind. >> then here you are. >> here he is. >> what did you get? anything good? >> i have -- >> switch, lump of coal? >> he's a hanukkah guy. >> a lump of coal -- yes, but a lump of coal at some point probably worth something. tet rate we're going. >> that's right. you're -- no tree? >> i want a tree, my wife says they're too messy. >> the trees are messy. >> the needs needles -- >> you have the festivus pole. >> grievances -- >> you better go, sorry.
massachusetts. mr. markey: and if barney frank was down here, none of us would have -- none of this would have happened in terms of the understanding of the parliamentary procedure. he was up there trying to grab an managenary microphone. . john oliver has been for us -- olver, has been for us an invaluable colleague. he taught so much to us. when he sat down with us talking about transportation, he explained our own districts to us as far as what was possible. on climate change, i talked to him for about 20 years. he was on this issue in the early 1990's and probably understood it probably even before that. he is that smart. he is that visionary in terms of the issues are essential not just to massachusetts, but to our planet. and it has been migrate honor to have served with you, john and to have called you my friend and colleague overall of these years and we thank you so much for what you have done for us and for the country and thank you. and with that -- the speaker pro tempore: the gentleman's time has expired. under the speaker's announced policy of january 5, 2011, the gentleman from
. joining us now are david faber, bob pisani and steven guilfoyle and rick santelli at the cme. first, david, who broke the story this morning, i guess this deal had to happen based on where the competitive landscape sits, and it's likely not going to be the last deal that we've been talking about. >> we've been thinking about and hearing about and talking about deals for quite some time but much of that did not happen as a result of regulators. the nyc has been looking for quite some time to figure out the future. its ceo having engaged with and having a deal with deutsche boerse sometime back, two years ago, in heated discussions and announced it in 2011. a year later it was dead? why, because of the derivatives business in europe that european regulators did not want to see get together for both of those companies. couldn't get around t.nasdaq as well, along with i.c.e. at the time, had made a hostile bid, you may recall, from the new york stock exchange, but that was stopped as well because it wasn't going to happen as a result of antitrust here in the u.s., a americaning of the two equi
. this invitation is brought to you by bp and all of us who call the gulf home. >>> all right. i like to say there's always a bull market somewhere, and i promise to try to find it just for you, right here on "mad money." i'm jim cramer, and i'll see you tomorrow. >>> good evening. i'm michelle caruso-cabrera in for larry kudlow. this is "the kudlow report." speaker john boehner calls the house back into session for sunday night. that stokes investor hopes for a fiscal cliff deal and this coming just a few hours after harry reid's comments sent the dow into a tailspin. we have complete coverage in this developing story which is happening tonight as we speak. also, as supplies from the obama team, ep achieve lisa jackson stepping down. can the coal companies finally breathe a sigh of relief? guess what happened in britain when the uk banned handguns. the surprising result that could change the gun control debate. "the kudlow report" start ises right now. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshe
for us? >> well, on the fiscal cliff, i wish it were different, but it certainly is beginning to shape up like, in the end, the democrats will be able to step back and say we raised taxes on rich people and the republicans will take credit for cutting programs. and it looks like it will go into january, unfortunately. the market doesn't seem to care. >> all the big deal, boehner and obama tried to do last year, still have to do that, simpson boles-type thing. >> by what the secretary of the treasury said yesterday. >> right. >> thank you for being here. >> bromance. a lot of fun. make sure you join us tomorrow. "squawk on the street" begins right now. >>> good thursday morning, welcome to "squawk on the street" live from the new york stock exchange, i'm carl kin ten nia with melissa lee, cramer and neighborer are off today but we are joined by dennis. good morning to you dennis, thanks for coming in. futures today, a lot to deal with as you probably know. the fiscal cliff headline watch continues. you just heard john kanas say the market not too concerned. futures up 21 points. decent dat
doing better. it is hard to be terribly bearish on the u.s. >> y are going to stay with our politico expert. this is a rally that has surprised experts. it hasn't been that easy to be optimistic. >> it is. i think you have to be cautious here. the probability that this could fall apart is very, very real. >> so, you have to be careful up at these levels as a trader. i have low exposure up here. i have protection. that is how you have to play this market. stay with us please. >> yesterday it looked like washington was inching towards a deal. but today, plan b could be signaling differences. we have karen b and sara fagan herself a former political director. i know what it means. no tax rates above $1 million. no tax hikes but why did bay nor decide to do that. what signal is he sending? >> i think what he is telling the president is look, i appreciate you coming around on this, i appreciate you giving, it is not enough. and i'm going to go to the floor and show you, that $400,000 is not a deal republicans are going to accept. the other thing that occurs that, is it is important for hi
impression on a great many people around the world, and especially on the 100 of us who serve here. he commanded our respect in a remarkable way. part of it was because of his service in the war. he and bob dole, our former colleague, literally were wounded at about the same time in europe and were in the same hospital recovering from tremendously serious wounds. senator inouye, of course, later was awarded the congressional medal of honor for that. senator pryor was telling the story that when senator inouye was finally elected to congress he wrote senator dole a note and said, "i'm here. where are you?" because both of them, when they were recovering from their war wounds, had determined that one day they wanted to serve in the united states congress. inouye got here first. a few years ago senator inouye and senator ted stevens invited a number of us to go with them to china. it was quite an experience. senator stevens -- of course, another world war ii veteran -- had flown the first cargo play plane into what was then peking in 1974. and senator inouye was well-regarded in china for
of representatives. any use of the closed-captioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u.s. house of representatives.] the speaker pro tempore: the yeas are 229. the nays are 182. 2/3 not being in the affirmative, the rules are not suspended and the bill is not passed. the speaker pro tempore: the chair lays before the house the following personal requests. the clerk: leaves of absence for mr. griffin of arkansas for the week of december 11 and mr. reyes of texas for today and for the balance of the week. the speaker pro tempore: without objection. the requests are granted. the speaker pro tempore: the house will be in order. the speaker pro tempore: members and staff, please remove your conversations from the floor. the speaker pro tempore: the house will be in order. the chair will entertain requests for one-minute speeches. for what purpose does the gentleman from massachusetts rise? >> address the house for one minute. the speaker pro tempore: the gentleman is recognized. >> mr. speaker, earlier this year -- mr. frank: i was c
's a shortened trading session for christmas eve. u.s. equity markets will close at 1:00 p.m. eastern time. bond currency and commodity trading they're going to end early. in japan, indonesia, the philippines, they were all closed in europe. only the uk, french, dutch and spanish stock markets are open and they're going to be closing early. there are now only five trading sessions left in 2012. get your act together. stocks and bonds, solid gains so far this year. the dow has advanced 8% in total. the s&p 500 up almost 14%. the nasdaq has jumped 16%. it's been a good year. the end of the year also means we are just days away from the fiscal cliff, however, and that's the bad news. and looming tax hikes, spending cuts, all of that. both sides warning a very big deal becoming a bit more unlikely. >> and my one bit of advice to speaker boehner is this. you cannot pass a bill with just republicans. on a broad thing like this, you need both. and he has put himself with plan b and sort of an impossible position. he has to get these hard right goes to go along with him. and he and the president were go
, a u.s. investigation finds more evidence about how walmart used payoffs allegedly in mexico to advance its gold down there. it's tuesday, december 18th, 2012. "squawk box" begins right now. >>> good morning, everyone. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. our guest host this hour is julia sed. fiscal cliff negotiations, our top story. now president obama is proposing leaving lower tax rates in place for everyone except those earning $400,000 and above. that's above the $250,000 threshold that the president has been demanding for months, but it is still far from speaker john boehner's request of $1 million. a source familiar with the talk says this is by no means the final offer for the white house. the move by the president was welcomed, albeit with some reservations. we will talk about the latest developments in just a few minutes. in the meantime, the global markets seem to be taking note of the optimism. you can see right now that those dow futures are up by 54 points. this comes after a decent rally for the markets yeste
guy. >> he's a good guy. >> ed is going to try to make us slightly -- >> be a little sensitive. let's get you some some of the morning headlines. the biggest one being president obama planning to meet with congressional leaders at 3:00 p.m. eastern time today in a last ditch effort to avoid the fiscal cliff. the house majority leader eric cantor is now telling members to be prepared to work through january 2nd. both sides still far apart, however, on taxes and spending cuts. senate majority leader harry reid says prospects for a deal by monday are still unlikely. there was a lot of movement, motion for not a lot of action. >> where were you yesterday? >> i was here. we were together. >> were we ever with our -- no. but there were duelling senate leaders just -- first mcconnell came on. and he said -- did you see either one of those? >> i did. >> did you see harry reid? >> there's no chance of -- >> but if you think -- i want to rise above. there was so little of anything close to that yesterday other than just the -- i mean, people at home must be like, it's the endless blaming and
the last two months of patients' lives. it's a perfe example of the costs that threatened to bankrupt us and how hard it's going to be to rein them in. >> genes--as a result of them, you've inherited some of your family's finest qualities, along with predispositions to deadly diseases. you probably know that science has made giant leaps in detecting and treating some of those illnesses, but what you probably don't know is that at the same time, biotech companies have been patenting human genes. that's right. whether you like it or not, a vital part of who you are may now belong to someone else. >> let me just examine him. >> people are worried more than ever about how the chemicals we're exposed to are affecting our health. among them, a family of chemicals used in everyday plastics known as phthalates, which congress banned in toys after a study by dr. shanna swan. welcome to 60 minutes on cnbc. i'm lesley stahl. we'll be exploring the world of science in this episode. later we'll bring you morley safer's story about the human genome patents being awarded to biotech companies and the pr
javers joins us now with the details. again, good evening, eamon. >> good evening, larry. we're told the meeting at the white house was in the oval office. it was about 50 minutes long. boehner and obama were joined by a couple key players, including tim geithner and rob neighbors, the white house's liaison to capitol hill. he's the go-to guy who's been shuttling the paper back and forth throughout this. boehner was also joined by an aide that boehner sources have not named. i don't want to read too much into this larry. but you can get a sense from the amount of people in the room that they're getting into at least some level of detail here. if it was just the two principals, you'd expect a more general conversation. with that number of people in the room, maybe some more details getting hashed out. both sides describing the meeting as a frank one. saying as they have been throughout this that the lines of communication are open, but no major announcement here after the meeting. no news here so far on what was actually traded in terms of offers and counteroffers here in this meeting
isn't just to entertainment, it's education. call me. fiscal cliff talks. let's be optimistic. use the word stall. the president gave us a little hope tonight that an agreement to avert a middle class tax hike could still occur next week. saw the breakdown play hideously in the session today. nasdaq diving. it makes sense the market got a whacking when you consider that the speaker of the house didn't have enough votes in his own party to push through any tax increases and the president says there's got to be some. that's even for people making more than a million bucks. it was for show. the president would have vetoed the bill. tonight he's not about to let the rich get away with that. whatever that means. we have been worried that since the election the politicians won't rise above partisanship and come to an agreement. we at cnbc has taken an historic position. get a deal done for the good of the country. what faces us is worrisome. nation could see 2 million jobs loss. slashing of unemployment benefits when you are laying people out. dramatic increases in taxes for everyone. in
, and jamie dimon. look at that -- >> in addition we have jerry webb. make us all -- the rest of us feel -- >> we have one -- >> you're an economist or something? you play on to have -- you can think about the 12-12-12 thing in the meantime because you're good at math. >> yeah. all that stuff. >> all right. >>> as we move closer to the edge of the fiscal cliff, every move is being magnified by the markets. president obama and house speaker john boehner spoke by phone on tuesday, exchanging new proposals. the president gave boehner a revised offer on monday, reducing his demand for new tax revenue from $1.6 trillion to $1.4 trillion over ten years. boehner responded with a plan that largely sticks to his original offer a week ago. reports say the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. that hasn't been done before. in an exclusive interview with barbara walters of abc news, president obama says he still expects a deal before the end of the year. >> i remain optimistic that there are enough people of goodwill in this town that re
. the second deadline that comes along as february 15, next year. that is when we have asked states to tell us they want to be a denture a partnership exchange. we will know more as far as how many work with us. >> thank you for being here and congratulations on the work in maryland. we are very proud of that. i wanted to ask you in view of the fact states will be making a judgment on whether they can stand up to a state based exchange, and another basis we will be looking at the partnership model, you spoke with your colleagues around the country who are making these decisions. what are the kinds of it zaidi's they express to you that you are able to say, look, there is a way to do this. rather it is a certain technical thing or the process of how you get a consensus behind it and get people comfortable moving forward, what are you saying to your colleagues who may be one to get there but are worried a little bit about it based on the maryland experience, it can give them some comfort and confidence they can do this? >> thank you for your question and your leadership in maryland. there is a l
reading. >> thank you for spending three hours with us. >> thank you. >> i would think all the technical -- it's different this time. i know you've never heard that before. i have a very special announcement, once again. i want to say happy birthday to blake hernon, who is now officially a teenager. 13 years young. >> he'll be voting democratic in five years. >> absolutely. >> "squawk on the street" starts right now. happy birthday, blake. >>> good morning. welcome to "squawk on the street." hope you all had a good christmas. i'm melissa lee. we're live from the new york stock exchange. jim cramer has the day off. the latest s&p schiller home price report has been released. the results being shown at the bottom of your screen. david blitzer will join us with a closer look at the numbers in just a few minutes. let's get a check on how we're setting up on this day after christmas trading session. the dow looking higher by about 15 points. s&p looking at about two points at the open. european markets closed on this day after christmas. the uk and france among those celebrating foxing day. w
. >> because you're using the driver's license number or last four digits of your social security number and checking that. before that envelope is opened they check that against the statewide voter data fwace where your signature exists on electronic file and where all of that information exists or the physical copy of it. that's the same thing if you vote by mail. again, you don't leave home to vote in ohio. we have an entire buffet of options for voting and we have built in safeguards for doing so. >> that discussion just got extremely technical. >> it did. sorry. >> but there's a point to be made i think from how technical that discussion was. who are the people who are going to be implementing an i.d. requirement on election day? they are poll workers who work once or twice a year, get paid very little money and it's tough. and to be a poll worker. and it's tough with all these rules and the more technical they get, the more mistakes will be made. i wonder if there's something that just cries out for simplicity in terms of i.d. requirements, and maybe no i.d. requirements because it
's evident in equity markets. >> that does it for us. we hope you have a happy and safe holiday. from all of us here. meantime don't go anywhere, "mad starts right now. >> i'm jim cramer. welcome to my world. >> you need to get in the game. he's nuts. they're nuts. they know nothing. >> i always like to say there's a bull market somewhere. "mad money," you can't afford to miss it. i'm cramer. welcome to "mad money." people want to make friends. just trying to save money. my job isn't just entertainment, it's education. call me. fiscal cliff talks. let's be optimistic. use the word stall. the president gave us a little hope tonight that an agreement to avert a middle class tax hike could still occur next week. saw the breakdown play hideously in the session today. nasdaq diving. it makes sense the market got a whacking when you consider that the speaker of the house didn't have enough votes in his own party to push through any tax increases and the president says there's got to be some. that's even for people making more than a million bucks. it was for show. the president would have vetoe
before then. mitch mcconnell telling us they have been going back and forth all day and talks are continuing into the evening. no major progress though yet to report. and that is how fox reports on this saturday, december 29th. i'mm harris falkner. tomorrow, tune in for a specialal two-hour fox report as the fiscal cliff deadline nears on the eve of the last stock market day of theae year. we will be all over it with deadlines and they are trying to get a vote, something together. "huckabee" starts now. >> this week on the journal editorial report. a look back at the year that was and what is ahead for 2013. 2012 was a tough year for conservatives on the national level, but in the states, some hopeful signs of reform, and looking forward, is the economy headed for rebound orie session? will the new year bring a with iran? our panel is here with their prediction. >>> welcome to this special edition of "the journal editorial report" as we look back at the year that was and the challenges that face us in 2013. first to our stories of 2012 and america's left turn from the supreme
. >>> and bracing for draco. the named winter storm is moving across the u.s., slamming a dozen states already and threatening to disrupt holiday travel in many, many more. it's thursday, december 20th. we've got one day left. enjoy. and "squawk box" begins right now. >>> good morning, everyone. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. andrew, welcome back. i hope you're feeling better. >> thank you. i had a little bit of a stomach bug. >> we're all a little sick around the table here. >> i know. it's a little -- i feel like weak, you know when your bones feel a little something? you had that, joe, two weeks ago, right? >> exactly what you had. you didn't -- you remember -- i remember bridesmaids, right? i'm not sure what all that came out of. i had both going. you didn't have both going? you are the just -- you were hurling. >> i was, i was. in the middle of the night. i had to send an e-mail to the producers. >> it's very weird. it's not even a 24-hour thing. >> no, i will say it was going by when the show was still going on. >> we h
us back to your house. make sure to tune in washington, good night. merry christmas. >> they were responding to a fire when somebody started shooting at them. >> upon arrival of the first two engine company and some firefighters in their personal vehicles, they underwent gunfire from the location unknown. >> tonight, firefighters gunned down in the street and why police say it looks like this was a trap. mexican police locked up this former marine over the summer on gun charges. now he has made it home just in time for christmas. >> while i was sleeping johnny got up in the morning and walked to the beach and watched the sun come up. >> jamie: tonight, the reunion that's been months in the making. and christmas at the vatican. >> jamie: we will take to you rome, to bethlehem and to afghanistan for a look at how folks are celebrating. ♪ heaven and nature sing. >> jamie: i'm jamie colby in tonight for shepard smith. we begin tonight with the apparent ambush that has literally stunned a small town in upstate new york this christmas eve. volunteer firefighters had just arrived at th
appreciate it very much. join us on wednesday. happy holidays. "squawk on the street" starts right now. >> can't wait to see what jason got us here. welcome to "squawk on the street" on this final trading day before christmas. i'm carl, with melissa lee, david faber at the nyse. the new york stock exchange and nasdaq closing at 1:00 p.m. eastern time. the futures, a little bit of weakness here which we'll talk about in a minute, after it comes after a pretty bad day on friday. the european markets closed for the christmas eve holidays. london, paris, spain have each completed shortened sessions in light of the christmas holiday as well. the friday sell-off, only five trading days are left in the year. is the market getting used to the idea that a fiscal cliff solution will not happen before year end? >> only a few hours remain to finish your christmas shopping. but some words of caution for toymakers. are tablets and apps ruining the season as kids get more accustomed to technology? >> microsoft windows 8 gets more bad press today, as "the new york times" said it is not leading to a bo
inflation. i like oil, remind you it's an international market kind of driven by the chinese, not us, if eog resources goes down, consider that company as a place to put your money. remember, mark papa yesterday. and people want to sell the drug stocks on decline. here i'm not sure. sellers are worried that the government may be negotiating with the drug companies. you know what is probably really going on? i think that drug stocks have big dividends and after tax return on dividends will come down sharply after we go off the cliff. that was part of the deal of the cliff. what's not getting hit as hard as you would expect? how about companies that have marginal exposure to united states but are much more involved with china? you could see joy global keep its gains. that company's mining equipment is more dependent on a resurgent china than a possible slowing of the united states. we're cutting back on coal anyway. what's the most worrisome thing on the whole decline? that this is really day one in recognition that the ceos were had here, the foils to james dean's rebel without a cause triump
's take a look at the u.s. futures set up for the open first of the week. dow looking at about 50 points right after the open. as for the action in europe, taking its cues from the united states. we'll see a big rally in china extending one of its biggest rallies in three years. we have a mixed bag in europe with italy up by about .2 of 1%. >> we'll do our best to keep focused on the business day. we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionaires. could this be the tipping point. moving the talks beyond deadlock. >> a big week for earnings. yes,
to ask certain questions and i've got to tell you, i'm going to use them. all scripps, stay away, big resignations tonight. bull market somewhere, i promise to try to find it here on >>> good evening. i'm joe joe kernen in for larry kudlow. the fiscal cliff, gun control in detroit dominating the news. >> there's no question about it. if you want a deal on the fiscal cliff, today was a very bad day. only duelling press conferences. no progress behind the scenes. we'll talk about it a a few minutes. >> i'm hampton pierce earson. >> and gm shares got a nice pop. is this the end of government motors. "the kudlow report" starts right now. >>> first up tonight is president obama and house speaker john boehner escalate their war of words, new signs the fiscal cliff talks are on the brink of collapse. chief washington correspondent john harwood joins us from washington with the details. i look away for two seconds, john, and everything's falling astart. >> it looked a couple of days ago as if the two sides were getting closer. when president obama had a news conference at the white house toda
. she said -- now, he said. mr. jefferson used large sums of money they been given to them for the benefit of the negro. when i first read this it really did make any sense at all. i did know what he could possibly be talking about and about something that was made up by people who are angry about slavery and wanted to get back at mr. jefferson. identify that it was true. visiting philadelphia one time i was wandering with my family through society hill, and became the house with a plaque that said this was the townhouse where the great polish patriot of the american revolution had lived, and was open as the museum. so we went into. right at the front there's a brochure entitled -- and jefferson. i did know that much of her relationship at all but i opened it up and i found to my surprise that he had written a will in which he left the jefferson $20,000 to free as many slaves, monticello slaves that money would buy. and to give them land and to give them livestock into pay for the transportation and education, transportation especially to someplace where they could live und
from almost every bank. we were in a 1932 situation. >> because of everything else around us. we were focused on congress' ineptitude at that time. and we got more scared by their unwillingness to pass the t.a.r.p. >> i have tremendous faith in our economy. we had great numbers yesterday. we had a good head of steam in housing and durable goods. >> better than expected at least. >> i think you could cool the economy a little bit. but unlike 2008, where i was worried that my paycheck wouldn't cash and my bank would fail, unlike the debt ceiling -- >> i know that. i'm saying it is a very, very different time now, no doubt about it. the only thing being we're relying on our leaders in washington to try to craft some sort of solution. >> did you have quotes around the word leader then? i'm only watching your lips. if you were to type that, would there be quotes around leaders? >> yes. >> thank you. i rest my case. >> i'm willing to take those quotes off. >> if they show that they are truly leaders without quotes. >> i come to work every day, my tallahassee paycheck, still in my wallet. i
of of accomplishments -- kate used to say she knew she had actually graduated from the monthly when she could buy entrees as well as appetizers in restaurants. so i never actually spent money here, but i'll try to fix that. i am enormously grateful. i am a southerner, i'm from tennessee and think that understanding jeffson in his regional context as well as his national context and his political context is hugely important. he was a master of politics whether it was idealogically driven or geographically driven, and i think there's something resonant about a ferociously-divided atmosphere, big issues at stake and a president who's tall, cool, cerebral, pretty good at politics but doesn't like to admit it having to govern in a frack white house atmosphere. there is something that seems familiar about that. [laughter] so i want to do two quick stories about jefferson to give you two sides of him very quickly. matthew davis, a office seeker from new york, goes to monticello trying to get an appointment. he was, would have fit right in this city even now. travels to lobby for the job. he was a burr l
also contact us on twitter, facebook, or by e-mail. you can see the addresses on your screen. let's start with an update on the so called "fiscal cliff." this is the washington post -- in a side arbucarticle -- that the washington post report on the fiscal cliff this morning. here's an article from "washington times" -- now this is from "politico." a situation that was in the paper couple weeks ago. looks li finally, before we go to phone calls, this article from the daily caller -- again, that is reported in the daily caller. we begin with a call from diane in julian, california, on our democratic line. caller: good morning, peter. my prediction came true, reelecting a president. women against violence acts, being held up by the house. john boehner and the republican house majority leader eric cantor. i tweeted last night quiet late saying the republicans are going to gang up on john boehner. there is an article in the new york times showing they feel he is dragging his feet and waiting until january 3. i also understand that the chairman of the government oversight and reform co
, in general. but i think that the conclusion of the housing crisis is upon us. which means there will be more money going to building and fixing up homes in 2013 than there was in 2012. so that means there will be up comparisons, and that's good. there will be sure to buy housing-related play into the fiscal cliff jump if we get one next week. oh, and i'm including banks. they've really taken off here, too. in large part that is because the housing crisis is over. how about the rest of the world's growth? not that long ago we heard very smart short sellers write off both china and europe it was on a year ago that italy and greece would be following in disaster. of course, they subsequently turned out to be the single best places to invest for fixed income in the world. not only did the sky not fall, but you had to do some serious buying to keep up with the others around the world. we have been buying an etf for my travel trust. was there a more uniform agreement than the idea that the euro had to die and the weaker countries were going into a fre depression? we know a ton of countries that co
at the time when human curiosity and the ability to lead us to our own destiny to fulfil in many ways our greatest potentials to discover, to explore was new in the world and this was the enlightened era. they had been a day before yesterday. for the first time ever, priestley and princely authority was in the dhaka, and jefferson was there to reap the harvest of the shift, the fundamental shift and was able to take the intellectual life and breakthroughs of the enlightenment in europe and scotland and apply them in many ways to american politics. self-government was only going to work in jefferson's mind if the people who were governing themselves knew themselves, cared about each other because why would you sacrifice with someone for whom you had no common interest, and you could find that your individual rights and your individual being had come from nature or god and therefore couldn't be taking away from the hand of a king or the hands of a mob in the this is the moment that he embodies. its hierarchical moment to be alive in that very hour, a hugely important so here you have jeffer
, but the regime surrounded it completely cutting us off from the world, nothing was allowed in and out. even water and bread was cut off. today we obtained dough. >> reporter: they were able to open a bakery around 1:00 p.m., and the rockets struck just hours later. as nearby hospitals quickly filled up, activists began pleading for help. >> we are joined by the reporter from beirut. this looks crazy. it looks crazy to me. do we know who is responsible for this? >> reporter: suzanne, it is absolutely horrific, and just so many grizzly details started to emerge in the hours after the attack. now, the residents in that town that we spoke with said that they believed they were targeted because that town had been liberated by the free syrian army because there's a lot of anti-regime sentiment there. they believe they were targeted deliberately by the syrian regime. syria's government, however, today posted a statement on their syrian news agency website in which they blamed this on the actions of terrorists. that's the terminology they use for rebel fighters, opposition fighters in syria. they say tha
general motors buying $5.5 billion worth of stock from the u.s. government's t.a.r.p. program. and it was at a price $2 above where gm traded yesterday. that's right. we, the people, got a better deal than we could've ever hoped for just the day before. gm most likely would have been liquidated, putting more than 1 million people out of work. if the federal government hadn't bailed it out. nobody likes a bailout. people don't like to use the phrase bailout and the government isn't going to be made whole in this investment. i'm saying that point-blank. that's because it's so gigantic. the simple fact is also not only does gm exist, but it was capable of throwing off $5.5 billion to repay some of the t.a.r.p. investment. this thing was at death's door, now it's thriving, just like aig which also shouldn't have come back, but it did. those are two 2012 success stories that explain how robust corporate america really is and how unheralded that development is. what else? how about that the united states is producing more oil than any time in the last 17 years and producing enough t
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